EcoSynthetix (TSE:ECO) Sets New 12-Month Low – Should You Sell?

EcoSynthetix Inc. (TSE:ECO) shares reached a new 52-week low on Monday . The stock traded as low as C$2.29 and last traded at C$2.30, with a volume of 17409 shares traded. The stock had previously closed at C$2.29.

EcoSynthetix Stock Up 0.4%

The company has a current ratio of 23.15, a quick ratio of 12.67 and a debt-to-equity ratio of 5.06. The firm has a market capitalization of C$135.21 million, a price-to-earnings ratio of -115.00 and a beta of 0.67. The stock has a fifty day moving average of C$2.71 and a 200-day moving average of C$3.15.

EcoSynthetix (TSE:ECO) last announced its earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. EcoSynthetix had a negative return on equity of 2.47% and a negative net margin of 4.72%.The company had revenue of C$6.45 million for the quarter. As a group, sell-side analysts expect that EcoSynthetix Inc. will post 0.18 EPS for the current year.

About EcoSynthetix

EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company’s flagship products, DuraBind¿, Surflock¿, Bioform¿ and EcoSphere®, are used to manufacture wood composites, personal care, paper, tissue and packaging products, and enable performance improvements, economic benefits and carbon footprint reduction. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).